Company Insights Adnoc Oil & Gas Adnoc News Energy UK-Morocco renewables project ‘on track for 2030’ The $20 billion Xlinks Morocco-UK renewables project is “on track for completion in 2030”, the company’s CEO Simon Morrish has told AGBI, with approval now granted to build the facility that will manufacture the subsea cables critical to its development. The cable operations will be overseen by XLCC which was set up by Xlinks in […] July 19, 2023 Banking and Finance Adnoc raises bid for Covestro to $12.4bn Abu Dhabi National Oil Company (Adnoc) has increased its takeover bid for German chemical producer Covestro AG to €11 billion ($12.4 billion), Bloomberg reported, citing informed sources. The Abu Dhabi energy firm’s latest proposal values Covestro at €57 per share, up from its first informal bid of €55 apiece. Reuters last month reported that the […] July 19, 2023 Energy Adnoc Gas signs 14-year deal with Indian oil firm Adnoc Gas, a subsidiary of Abu Dhabi National Oil Company (Adnoc), has signed a 14-year supply agreement with India’s state-owned energy firm Indian Oil Corporation Limited. The deal involves the export of up to 1.2 million metric tonnes per annu of liquefied natural gas valued at $7 billion to $9 billion, the company said in […] July 19, 2023 Renewable Energy Masdar and Adnoc agree trio of green hydrogen deals Abu Dhabi renewable energy company Masdar has agreed a deal with two Japanese energy and chemicals firms to explore production of commercial-scale polypropylene made from carbon dioxide and green hydrogen in the UAE. Masdar has teamed up with Japan’s Mitsubishi Chemical Group Corporation and Inpex Corporation, a Japanese oil and gas company. They have signed […] July 18, 2023 Opinion Sustainability The UAE has a difficult path to negotiate As Cop28 host and a major oil exporter the Emirates faces a tricky balancing act July 17, 2023 Trade GCC and Japan to restart talks on free trade deal Japan and the GCC are to resume free trade talks, the pair have announced, as Prime Minister Fumio Kishida visits the region. Kishida is meeting leaders in Saudi Arabia, the UAE and Qatar this week as he seeks to build economic ties across the Gulf. The GCC announcement followed talks between the Japanese prime minister […] July 17, 2023 Manufacturing Adnoc confirms talks on potential chemicals giant State-owned Abu Dhabi National Oil Company (Adnoc) has confirmed formal negotiations with Austria’s OMV AG (OMV) on the potential creation of a new combined petrochemicals holding entity. The new entity will be created through the proposed merger of the two companies’ existing shareholdings in Borouge plc and Borealis AG. Borouge is listed on the Abu […] July 16, 2023 Analysis Banking and Finance Middle East IPO drive likely to cool in second half of 2023 The wave of listings on Middle East markets will slow down as the year progresses, with initial public offerings being pushed to 2024 instead, say industry experts. Last year 71 IPOs were completed in the Middle East, for a combined transaction value of more than $25 billion, according to S&P Global Market Intelligence. That compares […] July 10, 2023 Oil & Gas Adnoc and OMV in talks to create $30bn chemicals giant State-owned Abu Dhabi National Oil Company (Adnoc) and Austria’s OMV AG are in discussion over the possible merger of chemical companies Borouge and Borealis AG to create a chemicals and plastics giant worth more than $30 billion. Vienna-based Borealis is 75 percent owned by OMV, while Adnoc holds the remaining stake. Abu Dhabi-listed Borouge is […] July 5, 2023 Energy Adnoc Gas to spend $1.34bn expanding UAE pipeline Abu Dhabi-listed Adnoc Gas has awarded contracts worth $1.34 billion to expand its natural gas pipeline network in the UAE’s northern emirates. The new pipeline will extend the current pipeline network from 3,200 km to over 3,500 km, enabling the transportation of higher volumes of natural gas to customers in the northern part of the […] July 3, 2023 Posts navigation Previous 1 … 33 34 35 … 47 Next
Energy UK-Morocco renewables project ‘on track for 2030’ The $20 billion Xlinks Morocco-UK renewables project is “on track for completion in 2030”, the company’s CEO Simon Morrish has told AGBI, with approval now granted to build the facility that will manufacture the subsea cables critical to its development. The cable operations will be overseen by XLCC which was set up by Xlinks in […] July 19, 2023
Banking and Finance Adnoc raises bid for Covestro to $12.4bn Abu Dhabi National Oil Company (Adnoc) has increased its takeover bid for German chemical producer Covestro AG to €11 billion ($12.4 billion), Bloomberg reported, citing informed sources. The Abu Dhabi energy firm’s latest proposal values Covestro at €57 per share, up from its first informal bid of €55 apiece. Reuters last month reported that the […] July 19, 2023
Energy Adnoc Gas signs 14-year deal with Indian oil firm Adnoc Gas, a subsidiary of Abu Dhabi National Oil Company (Adnoc), has signed a 14-year supply agreement with India’s state-owned energy firm Indian Oil Corporation Limited. The deal involves the export of up to 1.2 million metric tonnes per annu of liquefied natural gas valued at $7 billion to $9 billion, the company said in […] July 19, 2023
Renewable Energy Masdar and Adnoc agree trio of green hydrogen deals Abu Dhabi renewable energy company Masdar has agreed a deal with two Japanese energy and chemicals firms to explore production of commercial-scale polypropylene made from carbon dioxide and green hydrogen in the UAE. Masdar has teamed up with Japan’s Mitsubishi Chemical Group Corporation and Inpex Corporation, a Japanese oil and gas company. They have signed […] July 18, 2023
Opinion Sustainability The UAE has a difficult path to negotiate As Cop28 host and a major oil exporter the Emirates faces a tricky balancing act July 17, 2023
Trade GCC and Japan to restart talks on free trade deal Japan and the GCC are to resume free trade talks, the pair have announced, as Prime Minister Fumio Kishida visits the region. Kishida is meeting leaders in Saudi Arabia, the UAE and Qatar this week as he seeks to build economic ties across the Gulf. The GCC announcement followed talks between the Japanese prime minister […] July 17, 2023
Manufacturing Adnoc confirms talks on potential chemicals giant State-owned Abu Dhabi National Oil Company (Adnoc) has confirmed formal negotiations with Austria’s OMV AG (OMV) on the potential creation of a new combined petrochemicals holding entity. The new entity will be created through the proposed merger of the two companies’ existing shareholdings in Borouge plc and Borealis AG. Borouge is listed on the Abu […] July 16, 2023
Analysis Banking and Finance Middle East IPO drive likely to cool in second half of 2023 The wave of listings on Middle East markets will slow down as the year progresses, with initial public offerings being pushed to 2024 instead, say industry experts. Last year 71 IPOs were completed in the Middle East, for a combined transaction value of more than $25 billion, according to S&P Global Market Intelligence. That compares […] July 10, 2023
Oil & Gas Adnoc and OMV in talks to create $30bn chemicals giant State-owned Abu Dhabi National Oil Company (Adnoc) and Austria’s OMV AG are in discussion over the possible merger of chemical companies Borouge and Borealis AG to create a chemicals and plastics giant worth more than $30 billion. Vienna-based Borealis is 75 percent owned by OMV, while Adnoc holds the remaining stake. Abu Dhabi-listed Borouge is […] July 5, 2023
Energy Adnoc Gas to spend $1.34bn expanding UAE pipeline Abu Dhabi-listed Adnoc Gas has awarded contracts worth $1.34 billion to expand its natural gas pipeline network in the UAE’s northern emirates. The new pipeline will extend the current pipeline network from 3,200 km to over 3,500 km, enabling the transportation of higher volumes of natural gas to customers in the northern part of the […] July 3, 2023
